Author Archives: Charles Hugh Smith

The Lessons of Rome: Our Neofeudal Oligarchy

The Inheritance of Rome: Illuminating the Dark Ages 400-1000 is not an easy, breezy read; its length and detail are daunting. The effort is well worth it, as the book helps us understand how the power structures of societies change over time … Continue reading

Posted in General | Tagged , , , | Leave a comment

Dear Central Bankers: Prepare to be Swept Away in the Next Wave of Populism

The Ruling Elites’ Chattering Classes still haven’t absorbed the key lesson of the 2016 U.S. presidential election: the percentage of the populace that’s becoming wealthier and more financially secure in the bloated, corrupt, self-serving Imperial status quo is declining and the … Continue reading

Posted in General | Tagged | Leave a comment

Misplaced Pride: Most of the “Middle Class” Is Actually Working Class

The conventional definition of working class is based on income and education:the working class household earns between $30,000 and $69,000 annually, and the highest education credential in the household is a two-year community college degree or trade certification. The definition of the middle … Continue reading

Posted in General | Tagged , | Leave a comment

The Self-Destructive Trajectory of Overly Successful Empires

A recent comment by my friend and colleague Davefairtex on the Roman Empire’s self-destructive civil wars that precipitated the Western Empire’s decline and fall made me rethink what I’ve learned about the Roman Empire in the past few years of … Continue reading

Posted in General | Tagged | Leave a comment

A Stock Market Crash Scenario

We have all been trained by a decade of central bank saves to expect any stock market swoon will soon be reversed by central bank sweet talk and/or rate cuts. As a result of such ever-present central bank willingness to intervene … Continue reading

Posted in General | Tagged | Leave a comment